Adtran Shares Fall On Weaker Forecast Outlook
Adtran Inc. slid $2.90 to $19.35 after the network equipment maker issued weak revenue forecasts citing a major customer cutting spending. Bonanza Creek Energy dropped $2.06 to $27.59 as SandRidge Energy rejected a potential buy, amid shareholder opposition led by Cari Kahn.
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GE GE
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Inter Corp
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Suntrust
Texas Roadhouse
Textron
Tome Warner Inc
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Uae
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Beijing offers tax breaks to lure foreign firms in response
Beijing's first major move after Washington's tax overhaul grants foreign investors exemptions from withholding taxes on profits reinvested in specified sectors. The retroactive policy to Jan 1 2017 allows refunds for taxes paid this year, aiming to spur growth in the state-led economy.
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Three Firms Seek Lincoln County Expansion and Incentives
Lincoln County commission approved tax incentives in November for Cataler North America Walking Co. and Robert Bosch Tool Corp. to broaden presence. Cataler and Walking Co. sit in Lincoln County Industrial Park near Crate and Barrel American Tire Distributors ACTEGA North America. Cataler plans 7.5 million investment creating four jobs Bosch 12.6 million creating about 45 jobs. incentives total about 25 700 to 41 200 yearly for five years. Santa Barbara based
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Cataler North America
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Lincoln Times-News
Cataler
Bosch
Santa Barbara
Calif
Walking Co plans $7.5 million expansion in industrial park
Walking Co will invest $7.5 million to expand its facility at the industrial park, creating more than 45 jobs. A tax grant of about $145,600 will be spread over five years under the county industrial incentive grant program, with other area businesses also pursuing growth. Dashiell Coleman can be reached at 704-869-1819 or via Twitter.
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the Walking Company
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Columbia utility chief resigns amid fight over firing
Leighton Lord, longtime leader of South Carolina state owned utility Santee Cooper, resigns after a three week clash with Governor McMaster over termination. He cited halted construction on the multibillion dollar nuclear project and regrets the loss of money and jobs. Lord had sued to block firing and suggested political motive. The move ends a contentious bid to oversee the doomed venture.
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Santee Cooper Board
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Apple iPhone X Demand Seen as Lower Than Expected
Apple faces a slump as early evidence suggests demand for the pricey iPhone X may fall short of hopes. Reports indicate weaker interest in the $1,000-plus model, and Apple stock fell about 2.5 percent.
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